It's Officially Official: 4 Young Founders Just Bought A $40 Million Mountain To Party On

elliot bisnow greg mauro summitSummit co-founder Elliot Bisnow

For the past year, it’s been known that four entrepreneurs, Elliot Bisnow, Brett Leve, Jeff Rosenthal and Jeremy Schwartz, have been trying to buy a mountain in Eden, Utah. 

There, they want to host Summit Series, a popular, startup conference attended by a younger set of entrepreneurs who like to work hard and play hard.

Today, lofty $40 million party purchase became officially official. Here’s an email the four 20-something founders sent to members this afternoon:

We are excited to announce that Summit has officially purchased Powder Mountain, the largest ski mountain in the United States. We are well on our way to creating the permanent home of Summit, an epicentre of innovation, culture, and thought leadership on nearly 10,000 acres in Utah’s Wasatch Mountains. 

You can get the full download on the project via The Next Web and ESPN

Things are moving quickly here in Eden. The core infrastructure project, which includes a 1.5 mile long road bringing utilities to our new village, has already begun. We could not have done this without tremendous support from Powder Mountain, the Ogden Valley, Weber County, and the state of Utah. We are humbled to be here and hope to share the passion and expertise of the Summit community with our new neighbours for decades to come. 

Over the coming months and years we look forward to hosting events at Summit Eden that continue to draw the Summit community together and catalyze collaboration and positive growth. 

Lastly, we’d like to take this opportunity to thank everyone who has supported us along the way and helped shape the vision of what this place will become over the next 100 years. None of this would have been possible without you. 

With love and admiration, 

-The Summit Team 

Summit Series was founded in 2008 and the first gathering had 19 people. Now it attracts hundreds of attendees. Events have been held in Mexico, on a Caribbean cruise ship, and in Squaw Valley, California.

The conference, which is usually three or four days, has a reputation for being an amazing networking experience, full of non-stop partying paired with an stellar guest list. Past attendees have included Richard Branson, Bill Clinton, and Russell Simmons.

So, what does a $40 million entrepreneur get-away look like?

Summit Series was founded in 2008 by four entrepreneurs: Elliot Bisnow, Brett Leve, Jeff Rosenthal and Jeremy Schwartz

It's an annual conference/party for business leaders and startup founders. You can think of it as Davos for the up-and-comers.

Events have been held in Utah, Mexico, DC, on a cruise ship to the Bahamas, and in Squaw Valley.

Attendees have included Sean Parker, Bill Clinton and Russell Simmons.

Now, all of the Summit events will be held at a mountain. Powder Mountain, in Eden, Utah.

Greg Mauro, Summit's Managing Partner, had the idea to buy Powder Mountain. He's been living in Eden for four years, and he saw it was for sale.

The mountain Summit just bought is 10,000 acres.

It includes a lake that's surrounded on all sides by mountains.

Naturally, there are many ski trails at Summit Eden.

There's a farm that's half a mile away, that Summit has befriended.

There's a beautiful, outdoor banquet hall.

One of the first structures Summit built is a human-size bird nest that sits atop a tree.

Here's a view from the human nest.

The construction is just getting started. Here, you can see Summit's plans to build a giant lake house.

Here's another conference lodge the team plans to build.

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